News
U.S. streaming overtakes cable TV viewing for the first time
Americans watched more TV from streaming services than broadcast or cable TV in July, surpassing for the first-time cable networks...
Retail sales flat in July amid fall in gas prices
U.S. retail sales were flat in July compared to the previous month, the Census Bureau reported Wednesday. Results are a...
Elon Musk tweets he’s buying Manchester United, then calls it a joke
The richest man on earth again used his Twitter account to make jokes, while creating waves among investors. "Also, I'm...
Target profit plunges 90% as it sells off unwanted inventory
Target on Wednesday said its quarterly profit fell nearly 90% from a year ago, missing by far Wall Street expectations....
American Airlines buys 20 Boom planes, bets on supersonic travel
American Airlines is buying up to 20 jets from aircraft maker Boom Supersonic, the company announced Tuesday. This is the...
Philips parts ways with CEO amid massive recall
Health technology giant Philips announced CEO Frans van Houten is stepping down. The surprising announcement comes as the Dutch company...
Walmart earnings beat expectations, sticks with second-half outlook
Walmart earnings beat expectations after sales grew more than 8%, but profits tightened in the fiscal second quarter, the company...
Apple reportedly plans to put ads in more iPhone apps
Apple is planning to expand its advertising business through preinstalled iPhone apps, according to Bloomberg. The Palo Alto company currently...
Oil drops as China’s growth slows, prompting surprise rate cut
Oil prices fell by more than $4 a barrel on early Monday trading, after China reported disappointing economic data. West...
Dan Loeb’s Third Point takes new stake in Disney
Hedge fund Third Point has taken a new stake in Disney. According to a letter sent by Third Point CEO...
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